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2023 - Volume 55, Issue 5

Nonlinear Employment Effects of Tax Policy

DOMENICO FERRARO,  GIUSEPPE FIORI

 

Does Competition Affect Bank Risk?

Liangliang Jiang,  Ross Levine,  Chen Lin

 

CLO (Collateralized Loan Obligation) Market and Corporate Lending

ANGELA GALLO,  MIN PARK

 

Information Aggregation Bias and Samuelson's Dictum

YONGOK CHOI,  GIACOMO RONDINA,  TODD B. WALKER

 

Talking Over Time - Dynamic Central Bank Communication

LAURA GÁTI

 

The 1932 Federal Reserve Open-Market Purchases as a Precedent for Quantitative Easing

MICHAEL D. BORDO,  ARUNIMA SINHA

 

Downward Nominal Wage Rigidity and Inflation Dynamics during and after the Great Recession

TOMOHIDE MINEYAMA

 

The Effect of Monetary Policy on Consumption Inequality: An Analysis of Transmission Channels through TANK Models

MOMO KOMATSU

 

Phillips Correlation and Price-Change Distributions under Declining Trend Inflation

Sohei Kaihatsu,  Mitsuru Katagiri,  Noriyuki Shiraki

 

How Powerful Is Unannounced, Sterilized Foreign Exchange Intervention?

ALAIN NAEF,  JACOB P. WEBER